Highlights
Interim Management Statement for the three months ended 31 December 2011
Continued strong operational and financial performance in Q3
Total income up 17 per cent on Q3 last year at £196.3 million (up 13 per cent on organic constant currency basis); 9 months year-to-date up 19 per cent, to £582.8m (up 18 per cent on organic constant currency basis)
Post Trade Services total income increased 50 per cent, driven by further sequential (over Q2) growth in treasury management income from clearing operations
Capital Markets revenues decreased 4 per cent with growth in annual fee income, derivatives revenues and Italian cash equities trading offset by lower IPO activity and weaker fixed income and UK cash equities trading
Information Services revenues rose 24 per cent in total, reflecting operational growth and the initial benefits of the FTSE acquisition which includes adjustment to royalties previously recognised 3 months in arrears; organic growth was good at 4 per cent, with increases in both real time data income and revenue from other information products
Technology Services revenues up 15 per cent, mostly driven by growth from MillenniumIT
Acquired the outstanding 50 per cent of FTSE, giving the Group full control of this strategically important, high growth global indices business – FTSE EBITDA for the year ended 31 December 2011 grew 34 per cent to £53.6 million
Exclusive discussions with LCH.Clearnet and broader related stakeholder engagement continue